Last year, data show Americans drove away from dealerships with more than 15 million new vehicles, with roughly 80% of buyers ...

You can’t deduct student loan interest payments if your parents or another person can claim you as a dependent—even if they choose not to claim you for the tax year in question.

For now, the student loan interest deduction remains available for the 2024 tax year. Borrowers should check their eligibility, obtain their 1098-E form and consult a tax professional to maximize ...

The student loan interest deduction is a tax deduction that allows you to write off up to $2,500 in student loan interest payments each year.

Student loan interest is tax deductible up to $2,500, whether you have federal or private loans.So long as it was to pursue higher education, the money could have been for yourself, a spouse or a ...

The student loan interest deduction allows you to deduct up to $2,500 from your taxable income. Learn if you're eligible and how to claim the deduction.

You can deduct up to $2,500 paid in student loan interest during the tax year. It’s important to note that the deduction does not directly lower your tax bill by the amount you deduct. It simply ...

"You don't want to get a letter from the IRS because you wanted a $2,000 tax deduction that you didn't actually qualify for," says Paul Miller, a CPA and managing partner at Miller & Co. in New York.

Itemizing your tax deductions this year? If you're one of the many, many Americans paying off student loans, there's a deduction directly tied to those payments you need to know about.

Student loan interest is the money you paid during the year for a good student loan. It includes the interest payments you have to make and also the extras you choose to pay. You can deduct up to ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

For now, the student loan interest deduction remains available for the 2024 tax year. Borrowers should check their eligibility, obtain their 1098-E form and consult a tax professional to maximize ...